October 10, 2019 / 2:53 AM / 7 days ago

Japan yet to completely emerge from deflation: economy minister Nishimura

FILE PHOTO: Japan's Economy Minister Yasutoshi Nishimura attends a news conference at Prime Minister Shinzo Abe's official residence in Tokyo, Japan September 11, 2019. REUTERS/Issei Kato/File Photo

TOKYO (Reuters) - Japan’s government and the central bank will take all necessary steps to ensure a sustained economic recovery as the country has not completely emerged from deflation yet, Economy Minister Yasutoshi Nishimura said on Thursday.

“We haven’t reached a situation where we can say Japan has completely emerged from deflation,” Nishimura told parliament.

“But the economy is making progress towards exiting from deflation. The government and the Bank of Japan will work closely together and take all necessary policy steps” to keep the economy on a recovery track, he said.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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